Eversource Energy

DB:NWJ Stock Report

Market Cap: €20.2b

Eversource Energy Valuation

Is NWJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NWJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NWJ (€54.5) is trading below our estimate of fair value (€129.09)

Significantly Below Fair Value: NWJ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NWJ?

Key metric: As NWJ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NWJ. This is calculated by dividing NWJ's market cap by their current revenue.
What is NWJ's PS Ratio?
PS Ratio1.8x
SalesUS$11.62b
Market CapUS$20.99b

Price to Sales Ratio vs Peers

How does NWJ's PS Ratio compare to its peers?

The above table shows the PS ratio for NWJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
EBK EnBW Energie Baden-Württemberg
0.4xn/a€16.4b
LEC Lechwerke
2xn/a€2.5b
RWE RWE
0.9x4.5%€21.2b
EOAN E.ON
0.4x1.4%€29.2b
NWJ Eversource Energy
1.8x5.8%€21.0b

Price-To-Sales vs Peers: NWJ is expensive based on its Price-To-Sales Ratio (1.8x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does NWJ's PS Ratio compare vs other companies in the European Electric Utilities Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
NWJ 1.8xIndustry Avg. 0.9xNo. of Companies16PS00.40.81.21.62+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NWJ is expensive based on its Price-To-Sales Ratio (1.8x) compared to the European Electric Utilities industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is NWJ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NWJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: NWJ is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NWJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€54.50
€68.01
+24.8%
11.4%€83.38€49.84n/a18
Dec ’25€61.00
€70.02
+14.8%
7.1%€83.04€63.00n/a17
Nov ’25€60.50
€69.20
+14.4%
8.4%€86.93€61.04n/a17
Oct ’25€61.00
€66.75
+9.4%
8.6%€84.92€59.62n/a17
Sep ’25€60.00
€65.77
+9.6%
8.9%€84.87€55.98n/a18
Aug ’25€60.00
€64.28
+7.1%
10.9%€87.11€52.82n/a18
Jul ’25€52.50
€63.41
+20.8%
11.4%€87.54€53.08n/a18
Jun ’25€53.00
€63.10
+19.0%
11.6%€86.55€52.48n/a17
May ’25€56.00
€62.74
+12.0%
12.9%€88.25€46.94n/a18
Apr ’25€54.00
€60.57
+12.2%
13.1%€85.88€45.68n/a17
Mar ’25€54.00
€61.10
+13.1%
13.2%€86.87€46.21n/a17
Feb ’25€50.00
€60.24
+20.5%
14.2%€86.72€46.13n/a17
Jan ’25€56.00
€60.35
+7.8%
13.5%€85.95€45.72n/a17
Dec ’24€54.00
€59.56
+10.3%
14.1%€85.67€45.57€61.0017
Nov ’24€50.50
€64.02
+26.8%
17.0%€89.04€47.36€60.5017
Oct ’24€54.00
€73.32
+35.8%
9.2%€88.29€62.93€61.0016
Sep ’24€58.50
€73.68
+25.9%
10.4%€92.53€62.00€60.0016
Aug ’24€65.50
€74.66
+14.0%
10.3%€91.05€62.82€60.0015
Jul ’24€64.00
€77.23
+20.7%
11.0%€94.87€64.77€52.5015
Jun ’24€64.50
€80.91
+25.4%
9.4%€96.95€68.98€53.0015
May ’24€70.50
€79.40
+12.6%
8.6%€94.17€67.01€56.0016
Apr ’24€71.50
€80.55
+12.7%
8.9%€95.88€68.22€54.0016
Mar ’24€70.50
€83.17
+18.0%
8.4%€98.09€69.80€54.0017
Feb ’24€75.50
€82.13
+8.8%
8.0%€95.67€68.07€50.0018
Jan ’24€80.00
€82.52
+3.2%
9.0%€97.96€69.70€56.0018
Dec ’23€79.00
€81.75
+3.5%
9.0%€98.80€69.35€54.0018

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 22:51
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Eversource Energy is covered by 40 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gary HovisArgus Research Company
Daniel FordBarclays
Nicholas CampanellaBarclays